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Focused investors/Francis Chou

Francis Chou - Chou Associates

As of Q2 2026, Francis Chou reported 31 long-equity positions worth $216.59M in aggregate.

Copy-investor backtest

Latest quarter
+2.11%
1-year
+14.39%
3-year
+45.08%
5-year
+16.55%
3-year vs S&P 500
-27.31%
5-year vs S&P 500
-56.68%
5-year top 5
+21.83%

Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.

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Updated 2026-06-06 from SEC 13F data.

Live quotes available for 4 of 31 rows. Rows without a quote are marked unavailable.

1KGKING PHARMACEUTICALS INC COM20.04%-7,236,100$88.79MNo quoteNo quote
2-LEVEL 3 COMMUNICATIONS INC NOTE 15.000% 1/1CUSIP 52729NBM113.22%-47,800,000$58.6MNo quoteNo quote
3BVFBIOVAIL CORP COM7.05%-2,237,200$31.23MNo quoteNo quote
4OSTKOVERSTOCK COM INC DEL COM6.79%-2,219,709$30.1MNo quoteNo quote
5WPIWATSON PHARMACEUTICALS INC COM6.31%-705,400$27.94MNo quoteNo quote
6SHLDSEARS HLDGS CORP COM6.28%-333,700$27.85MNo quoteNo quote
7SNYSANOFI AVENTIS SPONSORED ADR4.52%-510,000$20.03M$39.27No quote
8BRK/ABERKSHIRE HATHAWAY INC DEL CL ACUSIP 0846701084.25%-190$18.85MNo quoteNo quote
9RCNIRCN CORP COM NEW4.16%-1,700,884$18.46MNo quoteNo quote
10FSRFLAGSTONE REINSURANCE HLDGS SHS3.70%-1,500,000$16.41MNo quoteNo quote
11SSPRINT NEXTEL CORP COM SER 13.30%-4,000,000$14.64MNo quoteNo quote
12ICOINTERNATIONAL COAL GRP INC N COM2.61%-3,000,000$11.58MNo quoteNo quote
13UTSIUTSTARCOM INC COM2.27%-4,597,051$10.07MNo quoteNo quote
14ODPOFFICE DEPOT INC COM2.14%-1,472,053$9.5MNo quoteNo quote
15-OVERSTOCK COM INC DEL NOTE 3.750% 12/0CUSIP 690370AB72.04%-10,120,000$9.05MNo quoteNo quote
16QQWEST COMMUNICATIONS INTL IN COM1.90%-2,000,000$8.42M$4.21No quote
17MEGMEDIA GEN INC CL A1.68%-949,082$7.44MNo quoteNo quote
18MNIMCCLATCHY CO CL A1.42%-1,777,601$6.29MNo quoteNo quote
19GCIGANNETT INC COM1.08%-323,035$4.8MNo quoteNo quote
20KSWSK-SWISS INC CL A1.06%-472,720$4.7MNo quoteNo quote
21MNKDMANNKIND CORP COM0.87%-438,989$3.85MNo quoteNo quote
22CHTCHUNGHWA TELECOM CO LTD SPONS ADR NEW 090.76%-181,623$3.37MNo quoteNo quote
23SKMSK TELECOM LTD SPONSORED ADR0.62%-170,000$2.76MNo quoteNo quote
24-MANNKIND CORP NOTE 3.750% 12/1CUSIP 56400PAA00.62%-4,000,000$2.74MNo quoteNo quote
25-PINNACLE AIRL CORP NOTE 3.250% 2/1CUSIP 723443AB30.49%-2,200,000$2.15MNo quoteNo quote
26-EXPRESSJET HOLDINGS INC NOTE 11.250% 8/0CUSIP 30218UAB40.44%-2,000,000$1.93MNo quoteNo quote
27RYAAYRYANAIR HLDGS PLC SPONSORED ADR0.12%-20,000$536K$26.80No quote
28-AMERICREDIT CORP NOTE 0.750% 9/1CUSIP 03060RAP60.10%-485,000$449KNo quoteNo quote
29CRYPCRYPTOLOGIC LIMITED SHS0.05%-60,000$221KNo quoteNo quote
30NOKNOKIA CORP SPONSORED ADR0.04%-15,000$193K$12.87No quote
31UTMDUTAH MED PRODS INC COM0.04%-6,535$192KNo quoteNo quote